India's largest digital-certificate (CA) brand, building PKI, digital-identity and e-signature platforms globally.
Price
Market Cap
Sector
Information Technology
Rank
| Line item | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 35 | 35 | 35 | 37 | 40 | 41 | 41 | 41 |
| Reserves | 57 | 72 | 118 | 354 | 616 | 705 | 772 | 870 |
| Borrowings | 42 | 51 | 67 | 25 | 8 | 0 | 16 | 29 |
| Other Liabilities | 25 | 33 | 39 | 43 | 86 | 123 | 250 | 274 |
| Total Liabilities | 159 | 192 | 259 | 460 | 750 | 868 | 1.1k | 1.2k |
| AssetsFixed Assets | 62 | 125 | 117 | 162 | 253 | 419 | 654 | 727 |
| CWIP | 40 | 4 | 43 | 47 | 51 | 17 | 20 | 29 |
| Investments | 0 | 14 | 0 | 21 | 4 | 81 | 48 | 46 |
| Other Assets | 56 | 49 | 99 | 230 | 443 | 351 | 357 | 411 |
| Total Assets | 159 | 192 | 259 | 460 | 750 | 868 | 1.1k | 1.2k |
| Line item | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 17 | 23 | 41 | 22 | 34 | 73 | 102 | 133 |
| Cash from Investing | -32 | -29 | -47 | -37 | -102 | -90 | -204 | -198 |
| Cash from Financing | 10 | 12 | 5 | 16 | 127 | 176 | -21 | 22 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — | — |
| Free Cash Flow | -15 | -5 | 6 | -25 | -28 | -1 | 18 | -52 |
| FCF Margin | — | — | — | — | — | — | — | — |
The Earnings Per Share over the last 12 months.
Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).
Pre-filled with the lower of median (59.6×) and current (35.0×) PE — the conservative anchor.
The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.
At 21.7% growth and a 35× exit, ₹456 only delivers your return if you pay ₹552. The price is currently baking in 18% growth.
EPS grows 21.7%/yr for 5 years, then fades to 6% over 2, exits at 35×.
| Year | Growth | EPS (₹) |
|---|---|---|
| FY27 | 21.7% | 15.83 |
| FY28 | 21.7% | 19.27 |
| FY29 | 21.7% | 23.45 |
| FY30 | 21.7% | 28.54 |
| FY31 | 21.7% | 34.73 |
| FY32 | 13.9% ·fade | 39.54 |
| FY33 | 6.0% ·fade | 41.91 |
Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.
Guides on how to read this kind of business and the numbers that matter.